Overview
What is Catholic Education Scholarship Trust?
The Catholic Education Scholarship Trust, founded in 2013 in collaboration with the Archdiocese of Chicago's To Teach Who Christ Is campaign, is a nonprofit organization situated in Chicago, Illinois. Its primary mission is to offer financial aid in the form of scholarships to students in Catholic schools, specifically those residing in Cook County and Lake County. The scholarships are granted based on a committee's recommendations, considering financial needs and other criteria set by the board. The scholarships are renewable and can follow the student if they transfer to another Catholic school within the archdiocese. The scholarships are funded by six specific endowments, each established with specific criteria dictated by the donor's requirements. In essence, the Catholic Education Scholarship Trust aims to ensure that children from financially disadvantaged backgrounds have the opportunity to attend Catholic schools within the Archdiocese of Chicago.
Is Catholic Education Scholarship Trust legitimate?
Catholic Education Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Education Scholarship Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Catholic Education Scholarship Trust?
The Catholic Education Scholarship Trust, established in 2013, is committed to providing financial aid in the form of scholarships to children who demonstrate financial need. These scholarships are awarded to eligible students in grades K-12, attending Catholic schools listed in the Official Catholic Directory for the Archdiocese of Chicago, which includes schools located in Cook County and Lake County. The organization operates based on recommendations from a Scholarship Delegation Committee and offers renewable awards that follow the child should they transfer to another Catholic school within the archdiocese. Furthermore, the Trust manages several endowments, each funding Phoenix Scholarships within specific criteria set by their respective donors.
Who is the CEO of Catholic Education Scholarship Trust?
Paul Mannino is the Principal Officer of Catholic Education Scholarship Trust.
What is the revenue of Catholic Education Scholarship Trust?
Catholic Education Scholarship Trust's revenue in 2022 was $2,168,569.
Who are the executives of Catholic Education Scholarship Trust and what are their salaries?
There 10 volunteers at Catholic Education Scholarship Trust.
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Where can I find the form 990 for Catholic Education Scholarship Trust?
Catholic Education Scholarship Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Catholic Education Scholarship Trust
Catholic Education Scholarship Trust, established in 2013, is committed to providing financial aid for children attending Catholic schools listed in the Official Catholic Directory for the Archdiocese of Chicago. The organization's mission is to extend scholarships to families demonstrating financial need and meeting other qualifying criteria. These scholarships, known as Phoenix Scholarships, are awarded annually to eligible students in grades K-12, who can benefit from these renewable awards even if they transfer to another Catholic school within the archdiocese.
The Catholic Education Scholarship Trust also manages several endowments, established in partnership with donors. Each of these endowments has specific criteria dictated by the donor, and the funds are used to award Phoenix Scholarships. This approach allows the Trust to cater to a diverse range of financial needs and ensures that more children from financially challenged families have access to quality Catholic education. By providing scholarships, Catholic Education Scholarship Trust plays a significant role in supporting families and enabling children to receive a Catholic education, thereby fostering their spiritual and academic growth.
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Impact
October, 2024
The Catholic Education Scholarship Trust significantly enhances access to education for children in Catholic schools throughout Cook and Lake Counties, Illinois. By providing Phoenix Scholarships to families demonstrating financial need, it ensures that educational opportunities are available to students from diverse socioeconomic backgrounds.
Established in 2013 alongside the Archdiocese of Chicago's To Teach Who Christ Is capital campaign, the Trust plays a crucial role in supporting the mission of Catholic education. The scholarships awarded are not only renewable but also transferable, allowing students to maintain their educational path even if they change schools within the archdiocese.
The Trust’s funding model includes contributions from six specific endowments, which allow donors to support scholarships aligned with their interests while expanding opportunities for eligible K-12 students. This targeted financial support fosters both academic success and community development by empowering families to choose Catholic education, thereby strengthening the educational landscape within the Archdiocese of Chicago. Overall, the Catholic Education Scholarship Trust’s impact resonates beyond financial assistance, nurturing the formation of well-rounded individuals who contribute positively to their communities.
This information is meant to be a general summary of Catholic Education Scholarship Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,831,261
- Gross Receipts: $3,252,430
Assets and Liabilities:
- Total Assets: $57,250,397
- Total Liabilities: $81,014
- Net Assets: $57,169,383
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Organization Details
Founding Year
2013
Phone
(312) 630-6948Principal Officer
Paul Mannino
Main Address
50 S LaSalle St, Chicago, IL, 60603
NTEE Category
Code: B82 - Education
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